231 Frog Pond Ln
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231 Frog Pond Ln
6,000 SF 100% Leased Retail Building Dripping Springs, TX 78620 $1,900,000 ($317/SF)
Investment Highlights
- Amazing visibility off of Hwy 290!
- Perfectly situated for creative retail rental space or light assembly manufacturing retail business.
- Strategically located in the growing area of Dripping Springs.
Executive Summary
This is an incredible opportunity to buy a commercial space of approximately 5,940 square feet with light deed restrictions. This space suits retail/office purposes or light assembly/manufacturing. It is situated on 1.9 acres of land and has excellent visibility. The location is conveniently located off HWY 290 in Dripping Springs, a rapidly growing development area, and is within a 30-minute drive from Austin. Some of the highlighted property features include a well-maintained building with three separate AC/Heating systems and electrical meters for the option to partition off. You can see the Property Features List or contact the agent for more specific details. It is priced below the Appraisal District Market Value. This Property is a short sale opportunity to purchase below the current mortgage owed.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Short Sale
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built
2020
Price
$1,900,000
Price Per SF
$317
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.07
Land Acres
1.92 AC
Zoning
ETJ - General Commercial; The Frog Pond Deed Restrictions
Parking
20 Spaces (3.37 Spaces per 1,000 SF Leased)
Frontage
80 FT on Frog Pond Lane
Amenities
- Freeway Visibility
- Tenant Controlled HVAC
- Recessed Lighting
- Air Conditioning
- Balcony
PROPERTY TAXES
| Parcel Number | R86721 | Improvements Assessment | $1,578,580 |
| Land Assessment | $521,420 | Total Assessment | $2,100,000 |
PROPERTY TAXES
Parcel Number
R86721
Land Assessment
$521,420
Improvements Assessment
$1,578,580
Total Assessment
$2,100,000
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Diane Buhl -
KW Commercial Southwest
1 of 28
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231 Frog Pond Ln
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